Showing 1 - 10 of 29,305
In this paper, we look into the so-called "revolving door of Washington", which is the movement of individuals between federal government positions and jobs in the private sector, and examine its link to long-run stock returns. We find that firms where current public officials become future...
Persistent link: https://www.econbiz.de/10011273958
The Russian economy is in transition period "from plan to market", which is characterized by immature institutions and expansion of rent-seeking behavior. In this article, the authors consider rent as a?possible excess return above the minimum income needed to encourage an agent to implement the...
Persistent link: https://www.econbiz.de/10010904733
This paper examines lobbying and corruption as alternative ways of dealing with regulatory obstacles. I propose a model … that firms who join lobby groups do not stop paying bribes to bureaucrats, and firms more impacted by corruption are no … of a firm bribing legislators and other rule makers, suggesting that lobbying introduces the possibility of state capture …
Persistent link: https://www.econbiz.de/10011114331
and decreasing in officials' corruption. In contrast to the "tollbooth view" of regulation, the standard chosen by a self …-interested government is a non-monotonic function of officials' corruption, and can be either lower or higher than that chosen by a …-capita income, and negatively with corruption, consistently with the model's predictions for benevolent governments …
Persistent link: https://www.econbiz.de/10005504469
bureaucracy with discretionary power creates and extracts rents by manipulating with the public good supply and regulations: i) by … agents to comply with. The former type of corruption results in less public input being provided at higher cost to the … is higher in the environment with corrupt bureaucracy. We show this outcome using a simple theoretical model, and then …
Persistent link: https://www.econbiz.de/10005621274
This paper clarifies the main theoretical issues of corruption. An estimate and branch analysis of corruption in Russia … is offered. The research concentrates on effects produced by corruption on social expenditures. The analysis demonstrates … how corruption influences the poverty situation after social transfers and on the general efficiency of social payments …
Persistent link: https://www.econbiz.de/10011205870
The aim of this paper is to study the relationship between the shadow economy and corruption as determinants of public … debt in the Spanish Autonomous Communities. In addition, we construct a Corruption Perception Index for those regions. Our … significant and positive impact on regional public debt. Corruption also shows a direct and significant relationship with public …
Persistent link: https://www.econbiz.de/10011117258
whistle on corruption. We demonstrate in a simple game-theoretical model how murders can serve as an enforcement mechanism of … through three periods, we find that corruption is strongly related to the incidence of murders on journalists in countries …
Persistent link: https://www.econbiz.de/10008861933
predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …
Persistent link: https://www.econbiz.de/10008865969
This paper analyzes how corruption affects the composition of public expenditures. First, a two-stage rent …-seeking model with endogenous rent-setting is derived that captures both "political corruption" and "bureaucratic corruption". The … levels of corruption. The significance of these distortions is robust to a variety of specifications such as fixed effects …
Persistent link: https://www.econbiz.de/10008684881